Periodic reports on the Menorca property market (Balearic Islands)
This page offers data-driven reports on Menorca’s property market, consolidating key data from public sources to highlight the latest trends and developments. Illustrated with charts and infographics, these reports provide critical insights into the residential real estate market of Menorca, with a focus on flagship municipalities such as Mahón and Ciudadela. These reports are written for foreign investors, property buyers, vendors, professionals, and journalists looking for insight into Menorca’s property market to help inform big decisions with important financial consequences.
Menorca property market overview
Menorca (Minorca in English) is a prime destination for international property buyers looking for second homes, holiday properties, or investment opportunities. Renowned for its tranquil lifestyle, unspoiled coastline, and rich cultural heritage, the island attracts a significant share of Spain’s foreign property transactions. As one of the most unique housing markets in the Balearic Islands, a focused report on the Menorca property market is invaluable for anyone with an interest in this region.
Located in the Balearic Islands, Menorca offers a diverse range of housing options, from luxurious villas to charming townhouses in historic areas. The market presents unique opportunities and challenges worth analysing. Key municipalities like Mahón and Ciudadela (known as Maó and Ciutadella in Catalan) are among the most sought-after areas for buyers and investors.
The reports cover a wide range of topics to provide a comprehensive understanding of the market, including:
- Home sales across the Balearic Islands and Menorca
- Foreign buyers: market share, residency status, and second-home investments.
- New-build properties: sales, pricing trends, and index data.
- House prices: general trends and specific insights into flagship municipalities like Mahón and Ciudadela.
- Mortgage lending: base rates, borrowing costs, and their influence on the market.
- Housing starts and key factors affecting supply and demand.
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Menorca in the Balearic context
The majority of publicly available data on the property market in the Balearic Islands covers the region as a whole, making it difficult to extract insights specific to Menorca, which accounts for just over 10% of the Balearic housing market by sales, meaning its market activity is too small to significantly influence the regional picture. As a result, trends in Menorca may differ substantially from those observed in the Balearics overall. For instance, while home sales might decline in Menorca, they could simultaneously increase in the Balearics, underscoring the need to examine Menorca-specific data for an accurate understanding of its market.
Despite these differences the regional data does provide valuable context. Trends observed at the Balearic level may offer clues about the forces shaping the Menorca market, although these indicators are not definitive. Furthermore, critical metrics such as foreign demand and mortgage activity are only reported for the Balearic region, limiting the availability of Menorca-specific insights. Readers seeking a comprehensive overview of the Balearic property market, particularly Mallorca—which represents almost 80% of the market—can refer to the Mallorca property market report, which provides a detailed analysis of regional trends.
This report focuses exclusively on the Menorca, presenting the most relevant data available, including home sales, house prices, and housing starts. By narrowing the lens, the aim is to provide a clearer picture of the unique dynamics shaping the Menorca housing market.
2024 H1
Menorca property market report: First half of 2024 (H1 2024)
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Disclaimer
These reports are prepared in good faith using publicly available data. While efforts are made to ensure accuracy, no guarantees are provided regarding the completeness, reliability, or suitability of the information for any purpose. Use of this information is at your own risk.
